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FOX Business
Feb 2, 2013 6:00pm EST
labor relations board communions they cannot protest in front of wal-mart for two months. they are saying that the unions picketed illegally in front of the big retailer and after wisconsin and michigan becoming right to work states. so is labor losing its punch? dd, what do you think? >> i do think the unionsre dying and they are on their way out. indiana, my homes it is a right to work. and it's working. unions are job killers. losing companies left and i right to other companies and we just need to realize the unions are dead and they need to realize that read what they are is political pacs. liz: adam, what do you think? >> there's no question that humans are dying. the question is when they're going to die and how data will look. this is a procedural loss for the unions and they will never give up trying to organize wal-mart. it's the biggest, cushy as target there is for a labor organizer. this is a setback for them and nothing more. liz: to her point, essentially what she's saying is that unions need to be more honest. this labor union that has been picketing, their pension
FOX Business
Feb 1, 2013 11:00pm EST
loss for the unions and they will never give up trying to organize wal-mart. it's the biggest, cushy as target there is for a labor organizer. this is a setback for them and nothing more. liz: to her point, essentially what she's saying is that unions need to be more honest. this labor union that has been picketing, their pension is way under water. they need wal-mart workers to keep their pension, which is really -- it's been catastrophic they need wal-mart workers to keep their pensions afloat. what do you make of that? thirty-first of all, i agree with you. but if we are going to talk about honesty, look at the history of unions, good and bad. they were very worthwhile and 30s and 40s when the pendulum swung to industrial corporations. union membership has been declining since that time. it's at its lowest since the '30s. the flipside of the coin is look at the industry to unions have had a heavy stronghold that have folded. textile manufacturing, autos, it just goes on and on. airlines. if you look at someone saying i should join a union, unfortunately, it's not the '30s and 40s any
Feb 9, 2013 1:00am PST
world's largest retailer, wal-mart, wmt the ticker symbol. trading a little on the higher end of the range we've seen on the past 12 month, over 71 and change, yielding two%. what do you expect out of wal-mart this year in terms of its stock price? >> we expect to see a stock that phrase, let's say, the low 70s into the mid or upper 80s, where a decent dividend yield with a total return of maybe 20%. a lot of this comes from want fact that it's way global retailer that's doing better overseas. the size of this company is impressive, and that gives it a tremendous amount of clout when it goes into the market. it's a ladder in every category. we think it's got a great balance sheet, consistent earnings and trades at a reasonable price. >> tom: its biggest competitor you can't walk into-- its fastest growing competitor, amazon, do you think that will take volume away? >> it's interesting you mention that. if you look at amazon, amazon has tremendous distribution here in the united states and may be struggling somewhat in terms of replicating that in other markets, like china. on the oth
FOX Business
Feb 21, 2013 9:20am EST
morning, everyone, wal-mart sold less stuff. that's a measure of the overall economy. wal-mart took in less money. wal-mart sales were down. wal-mart tells the economy's story. what's going on here? well, start with gas prices, up again today, by the way. up nearly 50 cents this year, you can't spend at wal-mart when your gas costs so much more, so suddenly. and then there's taxes up for everyone as of january the 1st. you spend less when your paycheck shrinks, throw in rising unemployment and a president who wants another round of tax hikes and you've got a weak economy. telling me, really? is it all the republicans fault? "varney & company" is about to begin. [ male announcer] surprise -- you're having iplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new ansmission. [ coyote how ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. >> all eyes on the market this morn
FOX Business
Feb 18, 2013 4:00pm EST
about what happened on friday. wal-mart came out with earnings this week. a vice president of wal-mart came out with this memo saying that february is a disaster. he says it is the worst start to a month he has seen in his seven years at wal-mart. kind of sent a little pale shadow over the markets leading into tuesday. is that going to affect the coming earnings season? >> absolutely a wake-up call. i believe there was truth behind this, okay. what is wal-mart? they rent their homes. they don't own a lot of stock. wal-mart moms are a great indication what is happening with the economy. making $40,000 a year. living paycheck to paycheck. you have less money than the end of the 2012. it is a concern. it has to put some doubt in your head. david: less money because taxes have gone up. >> pulls into the question what is going on with the market. it has risen so far. is it justified. liz: square that with the value oriented reit, dan horowitz was with us 19 minutes ago, he said, a lot of ainge tore stores are wal-marts, he said that people are flooding in there today. they have done rather
Feb 24, 2013 11:00am EST
hubbard food is basically controlling what people eat. then we had the grocery conglomerate. wal-mart leads the pack along with kroger and target, but ballmer is by far the largest. one out of every three grocery dollars goes to wal-mart. wal-mart has more wealth. a lot of clout and collar. it canisius political and economic power to basically dictates who in farm policy. they speak with one voice and they decide what the pesticide regulation should be, every aspect of our food system partnered with the biotech industry, which is also become so powerful that it can basically buy public policy. food and water which we which we did a report on biotech industry. turns out there's 100 biotech companies lobbying full-time. and that does, dave hyatt 13 former members of congress and 300 former staffers of the white house and congress. the biotechnology industry has a lot of clout. wal-mart and monsanto are really partnering up in some ways. one of the ways was recently with genetically engineered sweet corn. you remember this from last summer. i know a lot about their consumer group were tr
Feb 15, 2013 6:00pm EST
thousands of dollars of stuff from a wal-mart store. how a cashier may have helped him. >>> and we're waiting for the first big snowfall of the year. this winter has buried the state's snow budgets. >>> aaa says gas prices are rising at a blistering pace, we'll give you the forecast at the pump. >>> let's start off with this evil four letter word, snow. >> chief meteorologist wyatt everhart is live in the abc 2 news most accurate storm center. i'm rooting for it. what can you tell us. >> basically we are looking at an overnight changing situation. i don't think we're going to see much. temperatures until the mid-50s and that supports basically more of a mixed situation and if anything, when we see the change over to snow overnight, it's not going to have much success being able to stick accept for again, this elevated car tops, blades of grass, those things all drop to freezing. here's the line of showers in western maryland, looking for that to bring a light mix overnight into daybreak. now this evening as the line approaches, we're in the low 50s. hagerstown, we're 7 degrees b
Feb 15, 2013 4:30pm PST
report about wal-mart hit the broad market and wal-mart shares as well. an executive at the world's largest retail called february sales, quote, "a total disaster," end quote, according to bloomberg. the report said an internal email blamed the slow start to february sales on the increase in the payroll tax that took effect at the first of the year. that had the effect of cutting worker's take home pay by 2%. wal-mart shares fell 2.2%. volume tripled. wal-mart does not publicly report monthly sales figures but e executive's email contends it's the worst start to a month in at least seven years. but worries over wal-mart's sales hit other retail stocks. sears holdings dropped 2.3%. target fell 1.6%. discounter dollar general was down 1.5%. a few other consumer-oriented companies were in focus. the firm behind well known fashion brands like lee jeans, vans shoes and north face jackets had improving profit margins and earnings last quarter. v.f. corporation's outlook, though, was less than expected. but that didn't spook investors today. shares were up 3.3%. four of e fi business nes s
Feb 21, 2013 6:00am PST
week to a seasonally adjusted 362,000, though it remains a level consistent. wal-mart just released their quarterly earnings, earning better than expected but revenue was light. wal-mart important, because over 70 percent of the u.s. economy is consumer spending and wal-mart accounts for 10 percent of that for the november to january. wal- mart earned $5.6 billion. the new york times announcing that they are putting the boston globe newspaper up for sale. >> if you plan on " we tea tweeting " all-day url, y your tweets just got a little shorter. from now on, any tweet that is sent with a url will be reduced to 118 characters, or 11748 tt ps leaks. the reduction is due to a change in twister's " t-c o lead rapper ". the condensed links now take up a bit more space, leaving you with a little less basic tact commentary. >> coming up on kron 4 morning news, we are just moments away from vice- president joe biden talking gun-control and then barry, connecticut just a few miles away from the sandy hook elementary school shooting. >> the opening bell up on wall street. the dow keeps gettin
Feb 14, 2013 12:00pm PST
. >> commissioner borden. >> yes, there's been reports in the paper that fresh and easy might sell to wal-mart. and i just would love to get a comment from staff if that were indeed the case for the fresh and easy locations we have in san francisco, how easy or what are the requirements if someone wanted to change this formula retail from fresh and easy to wal-mart. one of the stories in the paper indicated that for the bayview location because it didn't have the regular formula retail controls that they wouldn't have to -- they could [speaker not understood] and i wasn't clear on that. so, that would be great. >> i need to double-check the zoning for the bayview location. but under the current code, if wal-mart buys all of the fresh and easy locations and brands them, then the code would not consider that a change that would need a new conditional use authorization. however, if they were just to buy one of the stores, then they would need to come in for a new conditional use authorization to change from the fresh and easy to the wal-mart. so, that's under the current planning code requirements for
FOX News
Feb 19, 2013 1:00pm EST
. >> megyn: well, a developing story regarding wal-mart. executives at the nation's largest retailer, apparently describing recent sales as the worst in years in a total disaster. what does it mean for our overall economy, they're saying that they believe, these economists, it's president obama's tax hikes that led to this. we'll have a fair and balanced debate and olympian oscar pistorius defending himself on charges he killed his girlfriend. why it could hurt his case. and why the investigation is raising questions about his girlfriend's past relationships with men. dr. keith ablow is next. >> and everybody is upset understandably, but at a certain point we were smiling while remembering reeva because we only have good memories of her. ♪ [ male announcer ] were you more interesting in your twenties, or now? when you were starting out? or after a few decades working in some well-worn character? experience makes you wiser for the wear. and now come the richer possibilities. [ children laughing ] aarp. an ally for real possibilities. find tools and resources at
Feb 21, 2013 2:00pm EST
of the dollar stores are having a good day. that's on the heels of wal-mart. street new about february slow down and they got the news but it wasn't quite as bad as people anticipated. you can see here, the dollar stores. relief for them. >> i'm glad you finished on wal-mart because shares of wal-mart are jumping on better than expected fourth quarter rilts. and this is the big but. big retailer put out guidance. next time you are caught near reagan because h is your beat, courtney. what do we make of this and why do we think the shares are moving so much higher despite negative years? >> i think a lot of it is what bob had to say. we had the report of the leaked e-mail. but there are so many things that catch wal-mart's attention. wal-mart beating the street by 10 cents. much of that is favorable to both fax rates. plus the interest expensive was lower to both domestic and international tax matters. some are considering eps result more in line with that 1.57 consensus or light miss. separately wal-mart guiding a flat first quarter after noting disappointing sales in the first
FOX Business
Feb 21, 2013 5:00pm EST
"money" tonight. red alert from wal-mart pound its bottom line and customers. with consumers are pulling back should more businesses duck for cover? we have a "money" power panel of business executives to give the real story. plus, now just seven days until the sequester. the economy already lies in its cross-hairs. is your 401(k) even more at risk? why you may want to check your portfolio. >>> and we'll drink about anything to score a caffeine kick but you would rub jell on your skin to get a bigger energy high? a breakthrough hopes to revolutionize a multibillion-dollar industry. shark tank's damon jobs is one of the guys behind it and he is here in a fox business exclusive. even when they say it's not it is always about money. adam: melissa francis is on vacation. i'm adam shapiro. we'll start tonight with a warning from bellwether wal-mart t says they're facing a sluggish start to the year because higher payroll taxes and higher gas prices are weighing on sales. here's what one wal-mart executive said in an e-mail to his colleagues. in case you haven't seen a sales report the
Feb 4, 2013 1:00pm EST
and wal-mart. when we come back, analyzing the analysts. were the right kals made? and we're not talking about that holding noncall. [ female announcer ] today, jason is here to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues to linger. but after a long day of helping others, he gets some helpful advice. just two aleve have the strength to keep back pain away all day. today, jason chose aleve. just two pills for all day pain relief. try aleve d for strong, all day long sinus and headache relief. i'm a conservative investor. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read an
Feb 22, 2013 9:00am PST
] progresso. you gotta taste this soup. >> wal-mart to dollar stores. how much can you squeeze the american medal class? it's friday, february 22nd, and this is "now." joining me today former dnc communications director and msnbc political analyst karen finney, sam stein is the political editor and white house correspondent for the huffington post and someone who is very, very close to having 2,000 twitter followers, financial columnist and assistant editor julian tett is here and the boy wonder of buzz feed, editor in chief. i mean, we had to -- we're never going to not -- >> boy wonder. >> you know what, boy is a relative term. democrats and republicans are gridlocked over the automatic spending cuts set to take effect seven days from now. the fundamental issue? taxes and spending. yesterday president obama called minority leader mitch mcconnell and house speaker john boehner. speaking later on the reverend al sharpton's radio show, the president did not sound optimistic. >> their basic view is that nothing is important enough to raise taxes on wealthy individuals or corporations, and the
Feb 8, 2013 4:00am PST
is going after sam's club with wal-mart. wal-mart has more upside potential. > > i like costco. i have a rule: if i can't buy it online, i have to actually go to the retail store, then i like the company. home depot is an example of that. costco, everything that i buy there, i can't buy online for a cheaper price. i can buy anything at wal-mart on amazon prime for a cheaper price. i am looking to get long costco on a pullback. i don't like to buy up here, but 97.5 is a 50-day moving average. > > a january 65 call is deep in the money. it is going to act like a stock. i think it is a way to play it for the longterm with low, low volatility. > which segues to round 3: it's an option. option trading volume in january was extremely high. is that bullish or bearish for stocks? > > i don't think it really matters either way. we see some of the volumes going up in particular sectors and the volumes going down in other sectors. the euro dollar has been a little bit lower, but the vix volume has been a lot higher. i don't think it really gives a sentiment, bullish or bearish- > > was it yo
Feb 1, 2013 5:00am EST
shelves. putting limits on what will happen and what wal-mart is doing. >>> let's look at the radar. >>> and 695 at old court road. what traffic looks like that's coming up. why let constipation slow you down? try miralax. mirlax works differently than other laxatives. it draws water into your colon to unblock your system naturally. don't wait to feel great. miralax. trying to find a better job can likbe, so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum, so that when you find the job you want you'll be a perfect fit. let's get to work. >>> a consumer alert. and some medication is being recalled because the cap did not work properly. and triamedic. they were recalled by the manufacturer. now the cap could still be removed by a child even with the tam per resistant seal in place. the last batch were distributeed a month ago. check that out. >>> and
FOX Business
Feb 21, 2013 12:00am EST
a breakthrough for health care. thousands of self-serve kiosks come to wal-mart and sam's club stores. can free health screenings prove a game-changer for providing care? the founder and ceo of the company behind them joins us. >>> ditch that fancy trip to the caribbean and come get baked in colorado. call jeff sipc oli. it gets green light from colorado regulators. businesses plan to lure tourists and turn colorado into the next amsterdam. will be a hit or the next buzz kill. even when they say it is not it is always about money adam: good evening to you. just eight days and a few hours until the latest government improsed fiscal disaster. eight days until cuts that both sides say they will completely crater the economy take place. and just eight days until budget cuts could tank wall street and the stock market rally which up until today had the s&p, and the dow up 6%. let's get right to our money power panel to itemize some of the specific ways we're all going to feel the pain if lawmakers fail to find a solution. former congressman steve bartlet is a member of the campaign
Feb 15, 2013 2:00pm EST
courtney reagan. quick market update for you. wal-mart and other retailers moving sharply lower. february sales for wal-mart are the lowest or slowest start in seven years. we just received a statement from wal-mart saying quote as with any organization we often see internal communications not enentirely accurate that lack proper context and represent individual opinions. well release fourth quarter earnings onners thi thursday, f 21st. >> you know, we got the consumer sentiment numbers. better than expected. when they say better than expected because they weren't expecting much at all. they have higher gas prices, i think record highs this time of year. and you've also got payroll tax increase which kicked in this year so people were thinking maybe the consumer would be more soggy which maybe feeds into what they are saying in wal-mart. >> maybe and we had the blizzard. >> we had the blizzard. yes. weather the storms, everything. >> perhaps that a big part of it. >> okay. in the meantime let's get straight to other stories. we've got moving lower because both democra
Feb 22, 2013 12:00pm EST
a loss of roughly $15 a week for a family earning $40,000 a year. wal-mart felt the impact immediately. its sales have stalled since january, and the company has had its worst month in seven years. one internal e-mail from a wall mart senior vice president read, "where are all the customers? and where's their money? where is their money? wul mart's example shows us clearly how little there was to begin with. george packard writes in "the new yorker, "america's vast population of working poor can only get so poor before even wal-mart is out of reach." sam, this is something i feel fairly strongly about, which is the story of income equality -- inequality in this country and how little attention has been paid to it in the debate over taxes and spending. i mean, think, you could say republicans would look and say, see, we should have extended the payroll tax cut. what we should have done is perhaps paid more attention to the situation that the poor and working class in america are in at present, which is to say $15 is a difference between being able to buy something and not. t
Feb 21, 2013 11:00am PST
to the economy, does wal-mart know something the rest of us don't? the link between sales and your wallet. wiand a choice. take advil, and maybe have to take up to four in a day. or take aleve, which can relieve pain all day with just two pills. good eye. that your mouth is under attack, from food particles and bacteria. try fixodent. it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> the world's largest retailer is sharing sales projections for the coming weeks and wal-mart expects sales in their american stores to be right where they were one year ago. a lot of people are wondering what's going on with the customers. wal-mart is considered an economic bell weather. what it say about the economy? >> wal-mart is the world's biggest retailer. we look at wal-mart and the earnings reports. the most receipt one. some of the comments show that the discount shopper did pull back and was cautious from the beginning of this year. note so surprising, it makes sense because higher gas prices for one. gas prices have bee
FOX Business
Feb 17, 2013 1:00am EST
that let's take jonas' wal-mart example. let's say they had to pay this. what's wal-mart going to do? >> raise price toss absorb that cost. they know that k-mart and target across the street will get hit wih the minimum wage and they're going to raise it, they know they're not at a disadvantage, where does that cost go to? it goes to the consumer so everyone pays for the minimum wage and by the way, studies have shown barely affects those in poverty and only in fact the average household with a personf minimum wage earns $48,000. >> caroline, let's get to that point. that this really affects more than just the workers, it has an impact on consumers? >> well, sure, it is an impact on consumers and i would challenge the notion that it won't benefit businesses to the point where they will need to raise prices. the fact is that businesses will benefit if ne treat their employees better, study after study indicated there's not an academic theory that you have less time off of work, you have lower recruitment and training costs which means that your employees stay there longer, less rel
FOX Business
Feb 20, 2013 5:00pm EST
market of course. number three wal-mart earnings before the bell. you may remember the company suffered some steep losses after leaked internal memo said february had the worst sales start to any month in seven years. analysts are expecting the company to post earnings per share of a buck 57 and revenue of $128.7 billion. sandra: number two thing to watch january existing home sales. economists expect a drop of .8 of a percent. that would mark a second straight months of decline. two pieces of housing data already out showed declines in housing starts and confidence. david: the number one thing to watch again beside the market itself will be initial jobless claims. claims are expected to rise by 14,000 to 355,000. last week claims surprisingly dropped by 27,000. when you think of what happened today with the market and the reaction of the fed remember the s&p futures suggest, their closing suggesting tomorrow will be another down day. it is a day too watch. keep it right here. liz: absolutely. thank you so much for joining us. next is "money" with adam shapiro in for melissa. >> i'm ada
Feb 21, 2013 7:00pm PST
all fell by 0.9%. one of the bright spots, though, was wal-mart. last week, an internal memo was released regarding a disappointingly slow start to february sales. today, wal-mart released earnings over the holiday season. the retailer earned $1.67 a share. up from last year, and a dime better than estimates. the gains came despite sales at u.s. stores open for at least a year coming in flat. shares gained 1.5% on heavier than usual volume. on a conference call executives said the store has cashed fewer tax refund checks than it did last year at this time, but it has been picking up in the past week. the company also increased its shareholder dividend. another company on the front lines with consumers, grocery store safeway. shares shot up to an 18 month high, rallying 14.1%. volume jumped seven-fold thanks to a strong earnings report even as it faces competition from wal-mart and others. safeway earned $0.94 per share, a significant increase from last year, and well above wall street estimates. the store said sales continue to gain momentum, crediting gas- station rewards and cu
Feb 21, 2013 4:30am EST
to you. >>> well, wal-mart is one of the biggest retirals in the country. we know that. however they are often criticized because they pay low wages. >> the report one group now plans to unveil this morning and the light they hope to shed on the night for a living wage increase provided by the world's largest retailer. >> oscar preps in full swing in hollywood. coming up we're going to hear from one local producer who can say been there, done that. >> also they're planning a tour this summer and rumor has it m&t bank stadium could be on the list. the road trip that could bring justin timberlake and jay-z to baltimore. >>> headlines around the world this morning, a new twist in the oscar pistorius case. the lead investigator in the murder trial is now facing attempted murder charges of his own. pistorius is back in court this morning for the third day of his bail hearing. 26-year-old is accused of murdering his girlfriend reeva steenkamp. now the case has taken a new turn. police are saying lead investigator who was on the stand for much of yesterday is now facing seven counts of
Search Results 0 to 49 of about 289 (some duplicates have been removed)